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    4550 Wadsworth Blvd Wheat Ridge, CO 80033-3313
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    Property profile & analytics

    4550 Wadsworth Blvd, Wheat Ridge, CO 80033-3313

    View on Map
    • Retail space
    • 8,414 SF
    • 0.83 lot acres
    Off-Market
    Last Sale Jul 7, 2020
    $19,646
    Property ID
    US13-1390791
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,285,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 4550 Wadsworth Blvd

    Year built
    1978
    Lot size
    0.83 lot acres
    Property type
    Retail space
    APN
    39-231-10-013
    APU
    3923110013

    Description

    This 15,080 square foot retail center in Wheat Ridge, Colorado, offers two available spaces at 4550 Wadsworth Boulevard. Unit A, a 1,200 square foot end-cap unit, features an open area, a private office, a private bathroom, curtain racks for creating additional private spaces, a reception desk, and ample electrical outlets. The annual rent is $19.50 per square foot, plus $7.50 per square foot in NNN expenses, totaling approximately $2,700 per month. Unit H, a 2,200 square foot garden-level space, includes an open area, four private offices (two with large windows), two private bathrooms (one ADA compliant), two entrances, a kitchenette/breakroom, a reception area, two water fountains, a washroom, and a shared foosball table in the lobby. The annual rent for Unit H is $14.20 per square foot, totaling approximately $2,600 per month (full-service gross). The property boasts a prime location near I-70, providing excellent visibility and access. The center also offers monument signage and ample parking. Current tenants include a barbershop, chicken restaurant, salon, massage spa, gift shop, tattoo parlor, and gun shop. This is a highly desirable retail location with competitive rates.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,920,000
      6.5%
      $1,770,000
      7%
      $1,645,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $896,000
      Market price range: $327k - $1.24M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,930,000
      Current use
      OFFICE BUILDING
      $1,890,000
      Change: -2% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wheat Ridge
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.081
    Latitude
    39.7797
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $51,637
    $235,654
    $354,933
    $590,587
    -
    $844,637
    $1,302,163
    $2,146,800

    Comparable in this City

    • Value Estimation
      $1,185,000
      12,875 SF

      7700 44th Ave

      RETAIL STORES (PERSONAL SERVICES)
      7700 44th Ave, Wheat Ridge, CO 80033-4578
      View Details
    • Value Estimation
      $2,800,000
      16,320 SF

      4298 Kipling St

      RETAIL STORES (PERSONAL SERVICES)
      4298 Kipling St, Wheat Ridge, CO 80033-6803
      View Details
    • Value Estimation
      $1,345,000
      3,574 SF

      12280 44th Ave

      RETAIL STORES (PERSONAL SERVICES)
      12280 44th Ave, Wheat Ridge, CO 80033-2447
      View Details
    • Value Estimation by Request
      4,331 SF

      7393 44th Ave

      RETAIL STORES (PERSONAL SERVICES)
      7393 44th Ave, Wheat Ridge, CO 80033-4719
      View Details
    • Value Estimation by Request
      3,028 SF

      10115 44th Ave

      RETAIL STORES (PERSONAL SERVICES)
      10115 44th Ave, Wheat Ridge, CO 80033-2803
      View Details
    • Value Estimation by Request
      1,305 SF

      7405 44th Ave

      RETAIL STORES (PERSONAL SERVICES)
      7405 44th Ave, Wheat Ridge, CO 80033-4717
      View Details

    Similar Nearby for Sale

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    • $950,000

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      Wheat Ridge Commercial Redevelopment Opportunity

      2,920 SF building in vibrant Wheat Ridge location.
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    • Contact for pricing
      Pending

      Retail Building on Large Lot

      Retail building with ample parking and high traffic volume.
      12390 West 44Th Ave, Wheat Ridge, CO 80033
      View Details
    • Contact for pricing
      8,384 SF

      Corner Building in Wheat Ridge

      8,384 SF building on .48 acre for sale.
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    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Retail Space in Wheat Ridge

      Retail space available in shopping center anchored by Safeway.
      3830-3900 Wadsworth Blvd, Wheat Ridge, CO 80033
      View Details
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      1,325 SF

      Retail Space in Wheat Ridge

      Retail space available for rent in Wheat Ridge, Colorado.
      3795 Wadsworth Blvd, Wheat Ridge, CO 80033
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    • Contact for pricing
      1,148 SF

      Retail Space Near Wadsworth Blvd

      Retail space for rent with ample parking and great visibility.
      3727 Wadsworth Blvd, Wheat Ridge, CO 80033
      View Details
    • Contact for pricing
      2,770 SF

      New Retail Space Available

      New construction retail building, divisible, located near Sprouts Farmers Market.
      10040 W 37Th Pl, Wheat Ridge, CO 80033
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space Near Light Rail

      Retail space in a heavily trafficked corridor near light rail.
      4990 Kipling St, Wheat Ridge, CO 80033
      View Details
    • $25 SF/Yr

      Wadsworth Boulevard Retail/Office Space

      Modern retail or office space with high visibility and ample parking.
      3845 Wadsworth Blvd, Wheat Ridge, CO 80033
      View Details
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    Wheat Ridge, CO 80033-3313
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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